Budget booster likely for capital gains on property, equity

Currently, one has to pay 30 per cent capital gains on the sale of a property.

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What income tax changes to expect from Budget 2020

Here is a look at possible announcements the middle-class taxpayer can expect from Budget 2020.

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1.5 lakh Ayushman Bharat Health & Wellness Centres to be set up by 2022: Survey

Primary healthcare accounts for 52.1 per cent of India's current public expenditure on health as per the National Health Estimates, 2016-17. "Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (PM-JAY), the world's largest health insurance scheme, is a major step towards providing affordable healthcare to the identified poor," the Survey said.

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Cut in housing prices can help clear unsold inventories, clean up banks' balance sheets: Survey

"Government's thrust on affordable housing is evident, in order to boost the real estate sector and consequently the construction activity in the country. Higher investment in housing by households may increase the fixed investment in the economy," the survey said.

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Personal loans buck slowdown trend says Economic Survey 2019-20

The Survey has said that despite a decrease in policy rates by the RBI, the credit growth in the economy has been declining since the beginning of this year. The bank credit growth moderated from 12.9% in April 2019 to 7.1% as on December 20, 2019.

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NPS Lite investors comprise 34% of NPS subscribers, but contribute just 1% of AUM: Survey

The number of NPS subscribers under the unorganised sector is almost equal to the number of NPS subscribers under the corporate sector. However, the number of NPS subscriber under the Unorganised Sector is 9.25 lakh but contribute only 1% of AUM.

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Banks have not passed on RBI's rate cuts to borrowers in 2019: Survey

Borrowers have often complained that banks have not passed on the benefits of repo rate cut by the RBI to them. In the year 2019, the central bank has reduced the repo rate by 135 bps. The credit spread is at the highest level in this decade.

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Validate ID of bank loan seekers via UIDAI, Income tax dept: Economic Survey

The Economic Survey 2019-20 suggests the creation of GSTN like entity called PSB Network, use of Machine Learning and Artificial Intelligence to prevent the banking frauds. PSBN can use the I-T dept, UIDAI to validate the identity of the customer.

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Offer ESOPs to public sector bank staff, suggests Economic Survey

The Economic Survey 2019-20, suggests that by transferring a portion of government stakes to the employees having good performance across all levels of an organisation can incentives PSB employees to increase the market value of equity.

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Households saved Rs 11K per year due to increasing affordability of thalis: Survey

The Survey states that across India and also the 4 regions- North, South, East and West- it is found that the absolute prices of a vegetarian Thali have decreased significantly since 2015-16 though the price has increased in 2019.

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No fresh investment, redemption for mutual fund investors on Budget day

Stock markets will be open for normal trading on February 1, Saturday, when the Union Budget will be presented by Finance Minister Nirmala Sitharaman.

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Indian investors eschew equity funds as economy falters

The AMFI data showed debt funds witnessed an inflow of 696.9 billion rupees last year.

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No 3rd-party insurance? States will now send messages to car owners

Union road transport minister Nitin Gadkari also told general insurance industry leaders that the government is taking several initiatives to increase third-party insurance coverage, which is crucial for road safety.

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Bank strike from today: Here's what gets hit and what doesn't

The bank employees have been pushing for a 20 percent pay hike, a five-day workweek, family pension, and scrapping of a new pension scheme.

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MF exposure to top 10 Nifty cos at a decadal high in quest for alpha

There is a statistical basis for high exposure to top ten Nifty stocks.

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Budget-like moves that were not part of Budget

Instead of waiting for the Budget, the government chose to unveil steps including one of the sharpest ever corporation tax reductions months after Nirmala Sitharaman presented her first Budget in July 2019.

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BoM, SBI only PSBs rated 'good' in digital transactions in December: Government data

The score for an individual bank is given by the Ministry of Electronics and Information Technology (MeitY) on various parameters such as percentage of digital transactions, merchant deployment achieved, system resilience and average percentage of technical decline for UPI or AePS transactions, among others.

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Employees of PSU banks to go on two-day strike from Friday

Bank unions have decided to go on a two-day nationwide strike from Friday as talks with management of public sector lenders on wage revision have failed to reach a consensus.

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Irdai slaps Rs 1 cr penalty each on ICICI Lombard, Tata AIG for violation of norms

Regulator Irdai has imposed a penalty of Rs 1 crore each on ICICI Lombard GIC and Tata AIG General Insurance Company for violation of various norms.

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RBI imposes Rs 1 crore penalty on HDFC Bank

The RBI had issued a notice to the bank to show cause as to why penalty should not be imposed for non-compliance with the direction. After considering the reply received from the bank and oral submissions made in the personal hearing, the RBI came to the conclusion that imposition of monetary penalty was warranted, the release said.

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MNC Esops to Indian staff face tax scrutiny

Many multinationals give Esops to their Indian employees and then cross charge the cost to their Indian arm. The department is questioning the valuation of Esops for the purposes of domestic and international taxation, said the persons cited above.

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Bank deposit cover may be doubled to Rs 2 lakh

The move comes after the government and RBI faced flak over their handling of the closure of PMC Bank.

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Why tax moderation is a good idea

The recent corporate tax cuts in September 2019, surely one of the most defining tax policy announcements for India in decades, has led to many views and counterviews with regard to the necessary transmission effect for investments and economic growth at the cost of tax revenues.

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Investors can give CPSE ETF’s latest tranche a miss

The Nifty CPSE Index trades at a PE of 8.76 compared to the Nifty50 PE of 28.

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DHFL siphoned off Rs 13K cr through 1 lakh fake borrowers: ED

The Wadhawans had allegedly used part of the funds they siphoned to pay the late drug lord Iqbal Mirchi.

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Now, government will fix third-party insurance premia

The transport ministry will soon notify the rules specifying how it will fix the premium amount for each category of vehicle.

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Hope capital gains tax and STT will go: Jimmy Patel of Quantum Mutual Fund on Budget 2020

The union budget 2020 has its importance as the economy is going through the worst slow down since the global financial crisis of 2008.

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View: India’s much abused taxpayers

Prices of cars are 20 to 80% lower in most countries with higher income tax rates, unlike in India.

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Budget 2020 should re-introduce infra bond for tax break under section 80C: Deloitte

Investment in infrastructure bonds under section 80CCF of the Income Tax Act provided a tax break and a savings avenue to individual taxpayers as well as served as a way to bridge the funding gap in the infrastructure sector.

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Budget 2020: Spread your investments across debt mutual fund categories

Given the headline inflation, the probability of rate cuts is going to be a challenge in the very near term, says Lakshmi Iyer of Kotak Mutual Fund.

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What to expect from Budget 2020: Tweaks in I-T rates, DDT & LTCG

Few analysts say an income-tax rate cut may not materialise this time around.

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CPSE ETF opens on Thursday: All you need to know

Here is all you need to know about the issue.

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How will Vodafone Idea issue impact debt mutual fund investments?

The ​Vodafone papers have hit some schemes badly and different schemes are dealing with the issue differently. Most schemes have marked their exposure down to zero per cent in these troubled papers.

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Banks approve reduced fees for UPI, RuPay

After a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactions, which would have meant significant revenue loss for its owner National Payments Corporation of India (NPCI), the two parties have reached an understanding for now.

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FASTags should be mandatory for vehicle insurance: Nitin Gadkari

Stressing on the need to bring more vehicles under the ambit of insurance, Gadkari said FASTags should be made mandatory for obtaining vehicle insurance.

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Three fund houses decide not to side pocket Voda Idea bonds

Mutual funds cumulatively hold Rs 3,348 crore of Vodafone Idea paper.

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Cracking the whip: E-comm policy to deal with online counterfeits

The Department for Promotion of Industry and Internal Trade (DPIIT) is set to roll out a detailed plan of action for consumers and companies through which counterfeit products sold on e-marketplaces can be curbed. The new US strategy which is examined, looks to shift the liability for counterfeit goods from third parties to e-commerce platforms.

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Traffic rule violations may jack up insurance premium

Currently, insurance premium is only linked to the vehicle type and engine capacity. Vehicle owners get some discount if they haven't made a claim in the preceding year. This will be the first such initiative in India to link insurance premium to driving record.

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Does your dividend income need to be taxed thrice?

The dividend bears three levels of tax. First, the dividend is paid from the 'after-tax' profit of a company. Thereafter, DDT is the second levy and the third level of tax is levied if dividend income is of Rs 10 lakh or more.

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IRDAI issues guidelines to help group insurance customers of merging PSBs

Upon the merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks shall continue to be serviced by the respective insurance companies which issued the policies till the end of the policy period.

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From Budget 2020, common man wants income tax cut and incentives to spend: Survey

A recent survey by Local Circles, a community social media platform, found that most people want the government to not just provide a tax cut but also announce measures that will provide an incentive to spend.

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Use the ETMONEY app to save up to Rs 78,000 in tax

ETMONEY's tax solution helps users avail a combination of all tax-saving options across ELSS, NPS, health and term insurance policies for self and family members.

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Nippon Life AMC to launch CPSE ETF FFO 6

Investors across categories can avail a discount of 3% on the ‘FFO 6 Reference Market Price’ of the underlying shares of Nifty CPSE Index.

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Going by history, buying stocks in current dip may prove rewarding post Budget 2020

Chances of market sentiment improving post Budget are a tad higher.

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Government expects proportionately better direct tax mop-up

So far this year, refunds are estimated to have increased to Rs 1.7 lakh crore, compared to Rs 1.4 lakh crore a year ago.

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As local ETFs grow, risk of sudden outflow may ease

The AUM of ETF grew 35.4% between April-December 2019, while total equity AUM grew 9.59% in the same period. The share of ETFs in total equity AUM rose by 300 basis points to 18.73% since the beginning of the fiscal year.

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CDSL says active demat accounts hit 2 crore mark

CDSL is the largest depository in the country in terms of active demat accounts and accounts for 67 per cent of the new accounts added in FY20.

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CPSE ETF's 7th tranche to open on Thursday; govt to raise Rs 10,000 crore

The issue will open for anchor investors on Thursday and for other institutional and retail investors, the next day.

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Budget 2020 should increase tax break under section 80C

Section 80C is at the core of tax-savings for all categories of individuals. Whether the individual is a government employee, privately employed or for that matter working in an NGO, use the section 80C basket to save on tax.

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Urban cooperative banks report nearly 1,000 frauds worth over Rs 220 crore in past five fiscals: RBI

Responding to an RTI query, the central bank said a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19. A total of 99 and 27 such cases involving Rs 46.9 crore and Rs 9.3 crore were reported during 2017-18 and 2016-16 respectively, it said. As many as 187 cases of fraud involving Rs 17.3 crore were reported in 2015-16.

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